EXCLUSIVE: MATCH to acquire media co for $3m

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Matching Maximize Solution Plc (MATCH), a Thailand-based, SET-listed major media production house, plans to spend around 100 million baht ($3.06 million) to acquire local production house in a bid to bolster its business. Chief executive officer Poomchai Wacharapong said that they would like to acquire a company which, is an expert… Read more »

Merger of Thailand’s BECL & BMCL approved

The board members of Bangkok Expressway Plc (BECL) and Bangkok Metro Plc (BMCL) have agreed to merge the two companies to strengthen their business position and boost competitiveness in the ASEAN region. BECL is an operator of the expressway and MBCL operates the MRT mass transit network in Bangkok. BECL’s managing director… Read more »


Thai e-retailer MOXY acquired by WhatsNew Group

Thailand-based e-commerce company WhatsNew Group has acquired online lifestyle shopping portal Moxy, as a move to expand its product offerings, a report said. Both companies did not disclose the deal size. Also read: Eduardo Saverin, Velos invest in Indian e-retailer Hopscotch As a part of this acquisition, Shannon Kalayanamitr, chief executive and founder of… Read more »


Thai industrial firms plan listing in 2015

A stable political situation and a positive economic outlook has encouraged Thailand-based companies to seek funds through public offering.  Joining the spate of announced IPO’s from the real estate investment trusts (REITs), the infrastructure funds and the tech companies, are the industrial manufacturing firms. Last few months have seen several IPO related announcements… Read more »


StockRadars raises pre- Series A funding

Thailand-based stock analysis app StockRadars, one of the AIS The Startup winners for 2014, announced that it had raised an undisclosed amount in pre Series A funding from CyberAgent Ventures; the round that was also joined by East Ventures. The financing is expected to help the firm expand to other markets. StockRadars is the application,… Read more »


CI, Junfa JV to develop property in Thailand

Thailand’s listed property developer Charn Issara Development Plc (CI) and China’s major real estate developer Junfa Real Estate Company Limited have announced the formation  of a joint venture company called Issara Junfa Company Limited for developing a real estate project in the south of Thailand. Issara Junfa has a registered capital… Read more »


Thailand SEC approves $1.7b JAS Infra fund

The office of the Securities and Exchange Commission (SEC) today approved the establishment of the long-delayed Jasmine Broadband Internet Infrastructure Fund (JASIF), with an approximate size between 55 billion baht – 57.75 billion baht ($1.69 billion-$1.77 billion). JASIF’s proceeds will be used to invest in fiber-optic cable, developed and managed by… Read more »


CP, ITOCHU co-invest $10.4b in CITIC

Charoen Phokphand Group (CP) and ITOCHU Corporation (ITOCHU), two leading conglomerates in Asia, agreed to invest in China’s largest conglomerate CITIC Limited through a 50:50 joint investment vehicle, Chia Tai Bright Investment Company Limited (CT Bright). The company’s statement cited that this proposed strategic investment comprises two transactions with a… Read more »


Thailand’s UAC takes over APC for $22.33m

  UAC Global Plc (UAC), a SET-listed trading company supplying wide range of chemicals and equipment to energy and petrochemical industries has announced that it will be establishing a subsidiary – UAC Advance Polymer and Chemicals – to take over chemical manufacturer and distributor Advance Polymer and Chemical (APC), for… Read more »


Thailand’s EGAT infra fund launch in Q1 2015

Electricity Generating Authority of Thailand (EGAT) expects to launch the country’s first infrastructure fund worth 20 billion baht ($610.5 million) to the public in the first quarter, according to the fund’s manager Krung Thai Asset Management (KTAM). This infrastructure fund’s main asset is EGAT’s North Bangkok power plant, and it… Read more »